Enter Tax Equalization (TEQ) gross-up special for states
To enter TEQ gross-up information for the state(s):
- Go toOrganizer,States,[state],Custom Tax Equalization,Gross-Up Special.
- Select the gross-up filing status.
- Select the option for the gross-up basis.
- Enter the following projections:
- State AGI
- State exemption amount
- State deduction amount
- Enter the amount to gross-up (gross-up base).
- Enter a description and amount for the gross-up base adjustment.
- Federal rate
- Marginal tax rate (override)
- Social security
- Medicare
- Local (with description)
- And lastly, enter an amount for the credit for taxes paid to other states.
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